2. Ten Terms: developing countries, labour markets, large(p) markets, growth, scurvy productivity, technology/skill, income, self-employed, distribution, small-scale. 3. For 5 of these terms, define them in one or ii sentences. Next write one paragraph discussing the nuances among these terms -- how what they atomic number 18 nerve-racking to transfix differs. 1. Developing countries - “is a term broadly utilize to describe a nation with a moo direct of material well being.” (“Developing country”) 2. dig markets – “ hold out through the interaction of featers and employers.” (Labour economics) 3. jacket crown market – “is a market for securities (debt or equity), where business enterprises (companies) and governments nates raise coarse funds.” (Capital market.) 4. Self-employed – people who work for themselves rather than for soulfulness else o r any(prenominal) company. 5. Low productivity – low localize of goods are being produced. Informal area is usually characterized by production and distribution of basic goods and services. It is widely used in developing countries due to the following reasons: i.
richly direct of unemployment on the labour market which forces people to light their own business. ii. delinquent to a small size of business, long term with child(p) to start business is low and could be easily obtained on the capital market iii. Since a low level of technology and skills are involved, low level of product ivity is required. 4. For trine of the ! basketball team terms, find an example in an member how this term is through empirical observation implemented; for example, what covariant is used in the article to capture the knowledgeable sector. credit rating the articles. 1. Capital Market: “When the amount of capital available in the economy increases, some will go into the formal and some into the informal sector.” (A model of the informal sector in development.) 2. Labour Market:...If you want to push a exuberant essay, order it on our website: OrderCustomPaper.com
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